Which of the Following Is Not an Example of a Learning

question 61

Multiple Choice

Which of the following is not an example of a learning tactic?

• A) Learning a social security number by breaking it into three chunks.
• B) Organizing the first letters from the names of each of the Great Lakes into the word HOMES for easy recall.
• C) Determining ahead of time how best to go about studying for the German exam you will have in three weeks.
• D) Remembering the word "Mahalanobis" by thinking of your friend Hal riding on a bus (My Hal on a bus).

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Definitions:

Colluding Oligopoly

A market situation where a small number of firms agree to manipulate market conditions, such as price or output, for mutual benefit.

Industry Profit

The total earnings before tax and interest of firms within a particular industry, after all expenses have been deducted from revenues.

Identical Cost Structures

Situations in which businesses have the same fixed and variable costs in their production processes.

Profit-maximizing Output

The level of production at which a firm achieves the highest possible profit, determined by the point where marginal revenue equals marginal cost.